Ultrapar Participacoes S.A. (NYSE:UGP) declared a semiannual dividend on Friday, August 11th, Wall Street Journal reports. Shareholders of record on Monday, August 21st will be paid a dividend of 0.2694 per share by the oil and gas company on Tuesday, September 5th. This represents a yield of 2.41%. The ex-dividend date is Thursday, August 17th.

Ultrapar Participacoes has decreased its dividend payment by an average of 9.0% per year over the last three years. Ultrapar Participacoes has a payout ratio of 67.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ultrapar Participacoes to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 57.3%.

Shares of Ultrapar Participacoes (UGP) traded up 2.10% during trading on Friday, reaching $22.32. The company’s stock had a trading volume of 674,126 shares. The company’s 50 day moving average price is $23.37 and its 200 day moving average price is $22.62. Ultrapar Participacoes has a 12 month low of $18.38 and a 12 month high of $24.79. The firm has a market cap of $12.13 billion, a PE ratio of 24.66 and a beta of 1.12.

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Several equities research analysts have recently weighed in on the company. BidaskClub cut Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America Corporation cut Ultrapar Participacoes from a “neutral” rating to an “underperform” rating in a research note on Thursday. HSBC Holdings plc cut Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research cut Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Ultrapar Participacoes Company Profile

Dividend History for Ultrapar Participacoes (NYSE:UGP)

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